RHI Magnesita: Brick by brick consolidation
Published: Thursday, 14 December 2017
The merger between RHI and Magnesita ‘makes sense’ because the refractory industry tends toward consolidation, while raw material shortages in China may lead supply to diversify elsewhere, according to the new company’s chief executive officer, Stefan Borgas.
As he oversaw the final steps of the merger between two of
the largest participants in the global refractories industry,
Stefan Borgas, chief executive officer of RHI Magnesita, was
adamant that this was just the beginning.
"The industry should have strong players. We support the
creation of bigger entities, rather...